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China reduces import tariffs for autos to 15 percent, components tariffs cut to 6 percent

BEIJING – The Ministry of Finance (MOF) announced on May 22 that starting July 1, 2018, import tariffs for automobiles will be reduced to 15 percent, while those for components will be cut to 6 percent. This is a major decision in support of the now 40-years of economic reform

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Alibaba and Yongda team up to offer O2O sales and service solutions

SHANGHAI – Alibaba Automobile, the automobile business unit of Alibaba Group Holdings Ltd., and Shanghai Yongda Automobile Group Co., Ltd., the indirect wholly-owned subsidiary of China Yongda Automobiles Services Holdings Ltd., signed a strategic cooperation agreement here on August 5 to offer online-to-offline (“O2O”) comprehensive sales and services solutions. Yongda,

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